Question
An investor buys shares in a mutual fund for $22 per share. At the end of the year, the fund distributes a dividend of $0.65,
An investor buys shares in a mutual fund for $22 per share. At the end of the year, the fund distributes a dividend of $0.65, and after the distribution, the NAV of a share is $25.25. What would be the investor's percentage return on the investment?
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Economics And Personal Finance
Authors: Irvin Tucker, Joan Ryan
1st Edition
1133562108, 978-1133562108
